Beechtree Accountancy Services Limited Chartered Certified Accountants
Beechtree Accountancy Services LimitedChartered Certified Accountants

Check back here regularly to find out what's going on.

Jersey Tax Amnesty

 

The Comptroller of Taxes has issued the attached leaflet outlining the scheme which runs from 3 April to 31 December 2017. Talk to your tax agent if you have any questions.

Tax Disclosure Flyer.pdf
Adobe Acrobat document [553.5 KB]

Increase in annual return fee for 2017

 

See the link below for the increase in annual return fee to £210 and other changes to prepare for in 2017

 

2017 annual return fees and other changes

 

 

See the lastest French Tax update from BDO Limited Guernsey

FT Bulletin - August 2016.pdf
Adobe Acrobat document [425.8 KB]

 See below an update on implications of Brexit for Jersey as at 27 June 2016 from Jersey Finance

 

 

 

 

BREXIT_Factsheet_The_Implications.pdf
Adobe Acrobat document [744.5 KB]

Self employed? What records should you keep....

It's worth spending some time thinking about what and how you keep your records. Good record keeping can help you keep track of your business and fulfil legal requirements.

 

You must keep a record of the following;

- all sales/takings

- purchases and expenses
- money taken from the business for personal use

 

 Some of the other items you might keep include;

 - invoices

- receipts
- till rolls
- cash transactions
- sales/purchase ledger
- bank statements
- cheque stubs
- details of stock held
- timesheets/mileage record

 

You should also keep details of any "capital" items that you buy and sell as you may be able to claim capital allowances.

Any personal use of assets (eg telephone, car) should also be recorded.

You are required by law to keep records for 6 years in Jersey.

 

 

Long-Term Care - additional charge on taxable income from January 2015

posted 24 November 2014

 

From 2015 the Tax Office will collect Long-Term Care (LTC) contributions on behalf of the Social Security Department.  Combined LTC and income tax effective rate notices are now being sent out and should be handed to employers. The rate will be 0.5% of taxable income (ie after reliefs and allowances) for 2015, and 1% for 2016. The declared intention is that the 1% rate is to be held for three years. See here for more detailed information. www.gov.je/Benefits/LongTermCare/Pages/index.aspx

 

Consultation paper on Jersey's property tax system

 

See draft proposals on changes to the Jersey property tax system on jersey.gov and have your say. 

Comments to be e mailed to tax.policy@gov.je or written submissions to

Tax Policy Unit 

Cyril Le Marquand House

PO Box 353

St Helier

Jersey

JE4 8UL

Details of other ways to comment will be published later in the year.

 

 

SEE OUR " NEWS" PAGE FOR UPDATES AND CURRENT DEVELOPMENTS

 

Making an appointment

 

You can contact us on the following telephone number if you have any queries or wish to make an appointment:

 

Tel: +44 1534 744737

 

Alternatively, please use our contact form.

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Accountants

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